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Shock therapy
Translation of "shock therapy" into russian
shock therapy
The government implemented shock therapy to stabilize the economy.
Правительство применило шоковую терапию для стабилизации экономики.
Definitions
Shock therapy refers to a set of economic reforms implemented rapidly to transition a country's economy from a centrally planned system to a market-oriented one. It often involves measures such as deregulation, privatization of state-owned enterprises, and austerity measures to stabilize the economy and control inflation.